FREE 3 Year Tax Review!

We not only look at how to optimize your current tax year filing, we can investigate as far back as 3 YEARS to find any errors or deductions that were previously missed! If the estimated return is significant enough, we then file the amended tax returns for you!

Accounting

Paramount Accounting Services

As a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits!

Each month or quarter we'll do the following things for you...

These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.

Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.

Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.

Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.

Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.

Income Statement

An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.

An income statement allows you to...

Track revenues and expenses so that you can determine the operating performance of your business.

Determine what areas of your business are over-budget or under-budget.

Track dramatic increases in product returns or cost of goods sold as a percentage of sales.

Determine your income tax liability.

Balance Sheet

A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.

A balance sheet helps you...

Quickly get a handle on the financial strength and capabilities of your business.

Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively.

Determine if your business is in a position to expand.

Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses?

Determine if you need to take immediate steps to bolster cash reserves?

Determine if your business has been slowing down payables to forestall an inevitable cash shortage?

Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.

Maintaining a Clean General Ledger

The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.

Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix the discrepancies so your books are always accurate and kept in tip top shape.

Unlimited Consultations

We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so please feel free to call us whenever you have a question or concern.

Contact Paramount if you'd like to receive a Free Consultation on our Small Business Accounting Service.

I have a lot of confidence in Bruce and Carolyn in Las Vegas. They will take great care of your tax and accounting needs. Besides being a CPA, Bruce is also an atty. They can handle just about anything! You won't be disappointed!

Paramount was very professional and helped me get the most optimal return on my taxes. Sidney was very helpful and answered any questions I had about what documents I needed to provide and with what I could and couldn’t write off. They were also very quick and I had my return in my account before I knew it! I would definitely recommend!

First time filing after graduating dental school, I was a bit nervous and was avoiding it. These guys are awesome! I seriously thought I'd be paying much more to the government, they made it a breeze and I will be back. They were quick and professional. Thank you!

I've referred a number of clients to Paramount and have been getting impressive feedback on the quality of Paramounts' services. They have called me a number of times to clarify tax issues on behalf of mutual clients and have been effective working as a team with other professionals.

Winner! 2017 Angie's List Super Service Award.

Dave Ramsey's Endorsed Local Provider.

Because we’re CPAs and they're not™

Many people do not know how a CPA differs from a bookkeeper or tax preparer. The CPA designation is one of the most widely recognized and highly trusted professional designations in the business world. CPAs are distinguished from other finance professionals by stringent qualification and licensing requirements. Paramount CPAs have worked hard to obtain their CPA designation, and are committed to working even harder to deliver the value that that designation conveys. In fact, our goal is to be the No. 1 Accounting firm across the United States. So when you ask yourself, "Where can I find Accounting services near me?"... think no further than Paramount

When to upgrade from tax preparer to CPA?

Whether you are filing personal taxes or you own a business, if you are not already using a CPA, you have most likely already missed out on major tax benefits, deductions and credits. This is because Certified Public Accountants (CPAs), such as Paramount, are advisers to not only individuals on personal financial matters but are also licensed to advise businesses, financial institutions, nonprofit organizations and government agencies on a wide range of financial topics. This strict status and licensure ensures that only CPAs are legally qualified to understand complicated tax laws and how to to implement strategies that return the most benefits to individuals and businesses. Give Paramount a call or visit our CPA firm for a free consultation.